Intuitivo Capital Corp
			Symbol			ITU.P
			Shares Issued			7,500,000
			Close 2009-11-13			C$ 0.03
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Intuitivo Capital enters LOI with Argonaut Gold

2009-11-17 12:34 ET - News Release

Mr. Mark Wilder reports

INTUITIVO CAPITAL ANNOUNCES LETTER OF INTENT/PRIVATE PLACEMENT

Intuitivo Capital Corp. has entered into a non-binding letter of intent with Argonaut Gold Inc. to pursue a proposed business combination. Based in Reno, Nev., Argonaut has been formed by Brian Kennedy, Peter Dougherty and Edgar Smith, the former management team at Meridian Gold Inc., with the goal of creating a mid-tier gold producer. Argonaut has recently announced its intention to acquire, pursuant to a takeover bid, all of the outstanding shares of TSX Venture Exchange-listed Castle Gold Corp., a gold producer with mining operations in Mexico and Guatemala.

Pursuant to the letter of intent, it is proposed that the common shares of Intuitivo would be consolidated on a one-for-36 basis and the holders of Argonaut would receive one postconsolidated share of the company for each common share of Argonaut. The final structure of the business combination is to be determined after the receipt of final tax, corporate and securities law advice for both parties.

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